The Ark of Hope Filipino Christian Church

Analysis

The Ark of Hope Filipino Christian Church is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, The Ark of Hope Filipino Christian Church reported income of $90k and spending of $69k, leaving 24% of income unspent that year. Across the 3 years on record, from December 2019 to December 2022, income grew from $85k to $90k (+6.0%), an average of +3.0% a year. The sharpest change came in the year to December 2020, when income rose by 59%. Over the whole period it spent 62% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Ark of Hope Filipino Christian Church sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 29th percentile within AK. Charities of a similar size with the same main cause include Threesixteen Ministry Inc ($90k), Brian Essary Ministries Inc ($90k) and Levite Praise Institute Inc ($90k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $111k against liabilities of $0, net assets of $111k.